Date
Timeline Description

The first loan for work in a colonized area, this project focuses on improving the production and standard of living in the Belgium Congo, while also mitigating the foreign exchange impact on Belgium.

Detail Description

The loan, the first made for work in a colonized area, is designed to remove the chief limitations on economic development of the Belgium Congo; namely, the shortage of transport and electric generating capacity, and a lack of qualified labor. It will do this by means of two linked loans, one to the Belgian Congo based on the foreign exchange requirements for the country's Ten Year Plan for the Economic and Social Development, and one to Belgium based on the foreign exchange impact on Belgium of the aforementioned plan. These linked loans are expected to expand production, raise the standard of living, and increase exports.

Image Timeline
Pediatric nurse at work (1716470; Credit: The World Bank).
Image Timeline Caption

Pediatric nurse at work (1716470; Credit: The World Bank).

Resource
Title
Belgium Congo Development Plan Project
Description
P037359: Approved Sept. 13, 1951
The profile contains project and financial information and lists of project documents and archival records.
Image
Belgium Congo Development Plan Project
Event
45
Title
Correspondence from A. Dequae to President Black
Image
Correspondence from A. Dequae to President Black
Description
Oct. 27, 1950
Mr. Dequae, Minister of Colonies of Belgium, writes to President Black regarding the questionnaire and a visit by the Bank's representatives (1535586).
Event
45
Title
Operational report on the mission to Belgium
Image
Operational report on the mission to Belgium
Description
May 31, 1951
The report contains information on the Bank's mission to Brussels for preliminary negotiations with Belgian officials (1535586).
Event
45
Title
Press release -- Two loans for the development of the Belgian Congo
Image
Press release -- Two loans for the development of the Belgian Congo
Description
Sept. 13, 1951
The World Bank announces approval of two 25-year loans, totalling $70 million, to assist in the 10-Year development plan of the Belgian Congo (1535589).
Event
45
Image
Hospital in Belgian Congo
Title
Hospital in Belgian Congo
Description
c.1951
Pediatric nurse at work (1716470; Credit: The World Bank).
Event
45
Image
Loan signing for Democratic Republic of Congo General Development Projects
Title
Loan signing for Democratic Republic of Congo General Development Projects
Description
1951
Pictured at the signing are World Bank President Black; Mr. Jean Van Houtte, Minister of Finance of Belgium; and Mr. Marcel Vanden Abeele, Administrateur General, Belgian Ministry of Colonies (1716470; Credit: The World Bank).
Event
45
Title
Congo Development Project: President's Report
Image
Congo Development Project: President's Report
Description
Document date: Sept. 11, 1951
The report describes the loan, appraises it, ensures that the loan is in compliance with the Bank's Articles of Agreement, and recommends that the loan be granted.
Event
45
Title
International Bank Notes, Vol. 5, No. 10
Image
International Bank Notes, Vol. 5, No. 10
Description
Document date: Oct. 1, 1951
An article on Hector Prud'homme's visit to the Belgian Congo titled “Mission to the Belgian Congo” is on page 5.
Event
45
Title
Transcript of 28th Special Meeting of the Executive Directors
Image
Transcript of 28th Special Meeting of the Executive Directors
Description
Document date: Sept. 13, 1951
The transcript contains discussion of the linked loans to the Belgian Congo and Belgium.
Event
45
Title
Interview with Sydney Cope
Image
Interview with Sydney Cope
Description
Interview date: August 9, 1961
On pages 26-29 of the transcript, Cope discusses the loans for the Belgian Congo.
Event
45
Title
Interview with Andrew Kamarck
Image
Interview with Andrew Kamarck
Description
Interview date: August 10, 1961
On pages 1-7 of the transcript, Kamarck discusses in detail the loan for the Belgian Congo.
Event
45
Title
Interview with Orvis Schmidt
Image
Interview with Orvis Schmidt
Description
Interview date: August 10, 1961
On page 10 of the transcript, Schmidt describes meeting with the British, French, and Belgian colonial powers regarding potential loan applications.
Event
45
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